March 4, 2024

New highlight in stock market: Great return opportunity for M K Protein Limited

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The company’s production facility is located at Ambala, Haryana with an installed refining capacity of 250 tonnes per day

If you invest in the stock market and are looking for a fast-growing stock, then our news can be important for you. In today’s news, we will tell you about M K Protein Limited, a company listed on NSE and BSE exchange, by investing in which you can get great returns.

At present, the share of M K Protein Limited is trading only around Rs 54, but according to market experts and analysts, this share can rise rapidly in the coming 3 to 6 months and can achieve a price of up to Rs 400. Is. Moreover, it also has potential for long term investment as one can get a value of up to Rs 1000 in the coming 3 years. In the last 5 years, this stock has given returns of up to 2000% to investors.

Let us give you some information about the fundamentals of this company.

The current price of M K Protein Limited is around Rs 54, and the company is listed on both NSE and BSE exchanges. The current market cap of the company is around Rs 675 crore, which clearly shows that it is a high financial standard company. In the last financial year, the company’s total income was Rs 76 crore, but it is now expected to reach close to Rs 225 crore in the coming financial year (2023-2024) due to export orders from Africa and Sri Lanka. Could. Along with this, due to the increase in the value of dollar in the last one year, the operating profit margin of the company can also increase by more than 5%, due to which the operating profit margin of the company can be 10% in this financial year. Due to all these reasons, experts believe that there can be a huge rise in this stock in the coming 3 to 6 months, and its price can increase from Rs 80 to Rs 400 in 3 to 6 months.

M K Protein Limited has also given bonus of 2:1. It has increased its authorized capital and the results have also been very good. The company is planning to pay dividends in the near future.

M K Protein Limited is in a strong financial position and plans to pay dividends to shareholders in the near future. This is a good sign for shareholders.

Let us now look at the technical analysis of the company.

The charts of the stock are consolidating between Rs 42 to 53 for the last 6 months and reversal trend formation is visible on the charts, which makes it clear that there is a possibility of a rise in the stock. According to moving averages and trend oscillators, the stock is in strong BUY zone and is also giving major bullish signals. RSI is also advising the stock to be a Strong BUY.

Based on all this analysis and suggestion of market experts, the share of M K Protein Limited can be bought around Rs 54, whose target can be Rs 150 to 200 in 3 to 6 months and Rs 1000 in the coming 3 years.

Note: Before investing, investors should consult their financial advisor and take prudent decisions supported by market news and trends.*

Disclaimer: This highlights the bullishness of stock shares and is not recommended to buy, sell or hold. We have not conducted fundamental or technical analysis and do not have any opinion on the stocks mentioned. Neither the author nor Granium Information Technologies should be held responsible for any damages. Please consult a professional advisor.

(Disclaimer: This article is part of a sponsored content programme. Bharat18 is not responsible for the content including the data in the text and has no role in its selection.)

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